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MT · NYSE · United States · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
In shortArcelorMittal is profitable, generates cash and carries moderate debt, with revenue stable (−1.7% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 5.9% | 36/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 5.1% | 41/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 6.1% | 30/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.8% | 32/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.36× | 47/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.25× | 97/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.22× | 79/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 6.29× | 46/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.85 | 70/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 7.8% | 51/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.53× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 23.0% | 26/100 |
| Operating margin volatility | 7.7% | 39/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -8.4% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -26.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 76,571 | 79,844 | 68,275 | 62,441 | 61,352 |
| Cost of revenue | 57,337 | 67,309 | 63,538 | 56,653 | 56,976 |
| Gross profit | 19,234 | 12,535 | 4,737 | 5,788 | 4,376 |
| Research & development | 270 | 286 | 299 | 285 | 335 |
| Selling, general & admin | 2,258 | 2,263 | 2,397 | 2,478 | 2,606 |
| Operating income | 16,976 | 10,272 | 2,340 | 3,310 | 3,628 |
| Interest expense | 357 | 401 | 715 | 510 | 577 |
| Pre-tax income | 18,025 | 11,255 | 1,260 | 2,915 | 3,602 |
| Income tax | 2,460 | 1,717 | 238 | 1,535 | 359 |
| Net income | 14,956 | 9,302 | 919 | 1,339 | 3,152 |
| Diluted EPS | $13.49 | $10.18 | $1.09 | $1.69 | $4.11 |
| Diluted shares (millions) | 1,108 | 914 | 845 | 791 | 766 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
3.85 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 6, 2026